Company Law of the People's Republic of China (Adopted at the Fifth Meeting of the Standing Committee of the Eighth National People's Congress on December 29, 1993 and promulgated by Order No.16 of the President of the People's Republic of China on December 29, 1993 and effective as of July 1, 1994)

Chapter XI - Supplementary Provisions

Metadata

Manifest

Company Law of the People's Republic of China (Adopted at the Fifth Meeting of the Standing Committee of the Eighth National People's Congress on December 29, 1993 and promulgated by Order No.16 of the President of the People's Republic of China on December 29, 1993 and effective as of July 1, 1994)

Section 3 - Wholly State-owned Companies

Article 66

A wholly State-owned company shall not have a shareholders meeting. The State-authorized investment institution or the department authorized by the State shall authorize the board of directors of the company to exercise part of the functions and powers of the shareholders meeting and to make decisions on important matters of the company. However, the merger, division, dissolution, increase and reduction of capital, and issuance of company bonds must be decided by the State-authorized investment institution or by the department authorized by the State.

started @The University of Tromsø, Norway, 1993
hosted by The University of Oslo, Norway, since 1998
in fellowship with The Institute of International Commercial Law,Pace University, White Plains, New York, U.S.A.